Ariba Among World’s Best Supply Chain Finance Providers
Company named Best eProcurement Solution by Global Finance Magazine as part of annual survey
SUNNYVALE, Calif., June 12, 2012 - Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, is among the World’s Best Supply Chain Finance Providers. The company today announced that it has been recognized as Best E-Procurement Solution by Global Finance Magazine as part of an annual survey that will be published in the July/August issue.
“As the financial crisis continues to have repercussions in the real economy, businesses are increasingly looking for solutions to help them manage their working capital more efficiently,” said Joseph Giarraputo, publisher of Global Finance. “This year’s awards recognize those providers and customer implementations that deliver real cost savings, working capital benefits and efficiencies for buyers and suppliers as well as those firms that have developed innovative credit frameworks in order to extend financing deeper into the supplier network.”
Ariba was selected as Best eProcurement Solution by industry analysts, corporate executives and technology experts on the basis of its market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
Ariba offers a comprehensive range of cloud-based applications that help companies streamline their working capital management processes and give their organization and their supply chain significant competitive advantage. Delivered via the Ariba® Network, Ariba’s solutions enable companies to:
Improve working capital objectives
Maximize discount capture savings
Drive procure-to-pay and order-to-cash process efficiency and effectiveness through invoice automation
Comply with contracts, purchase orders, pricing and preferred vendors
“Business growth is driven by the free-flow of cash. Yet within many companies, too much working capital is clogged up in receivables and payables up and down the supply chain,” said James Tucker, director of marketing, Invoice and Payment Solutions, Ariba. “With Ariba’s solutions companies can spark the collaboration necessary to set their cash flow free and gain visibility that enables them to make fast, informed decisions and achieve consistent results. We are pleased to be recognized for the strength of our offerings and the value that they deliver.”
About Ariba, Inc
Ariba, Inc. is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from current expectations include, but are not limited to: the impact of the credit crises on Ariba's results of operations and financial condition; delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the impact of any acquisitions, including difficulties with the integration process or the realization of benefits of a transaction; the impact of our disposition, including the potential disruption of our ongoing business; the ability to attract and retain qualified employees; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions, including the impact of a recession; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings; the impact of our acquisitions and dispositions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-Q filed with the SEC on May 04, 2012.
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